Chinese banks slow mortgage drawdowns
Commercial banks across China are delaying the release of mortgage funds in response to pressure from the People’s Bank of China to cool off the property market and slow capital outflow. The central bank has […]
February 2017
Societe Generale reports €390M in Q4 profit
French bank Societe Generale reported a drop in net profit in the fourth quarter of 2016, reaching €390 million, compared with €656 million in the previous year, due to heavier taxes and a loss on […]
Commodity revival strengthening
Citigroup commodities strategist Aakash Doshi has compiled data showing a strong rise in passive commodity-index assets held by retail and institutional investors to $391 billion in January, 53% higher than the figure a year earlier. […]
Live video enlivens Twitter’s Q4
Sports events dominated as Twitter reported 31 million unique viewers of video streaming in the fourth quarter, amounting to more than 600 hours of video covering about 400 events. The performance was a major victory […]
Yields on two-year Greek bonds are up 9 basis points
Yields on two-year Greek bonds are up 9 basis points and are at their highest level since the middle of last year, as a rare split on IMF board puts the country’s bailout at risk. […]
China’s foreign exchange reserves have dropped below the $3T level
China’s foreign exchange reserves have dropped below the $3T level for the first time since 2011, marking the seventh straight monthly decline as capital continues to flow out of the world’s second-largest economy. Data from […]
Reserve Bank of Australia kept interest rates steady at record low 1.5%
The Reserve Bank of Australia kept interest rates steady at record low 1.5% today and appeared to signal they would remain on hold for a while. “There is no longer an expectation of further monetary […]
The Reserve Bank of India surprised markets by keeping its borrowing costs on hold
The Reserve Bank of India surprised markets today by keeping its borrowing costs on hold for a second meeting in a row. The RBI also changed its stance to “neutral” from “accommodative,” saying it would […]
Japan’s machine orders surge
Private-sector machine orders in Japan posted a 6.7% gain in December, reversing a 5.1% drop in November. The increase outstripped the median forecasts of economists, who expected a 3.1% rise. Source: Market News International (08 […]